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Updated almost 6 years ago on . Most recent reply

User Stats

204
Posts
33
Votes
Larry Flanagan
  • Investor
  • Midwest, USA
33
Votes |
204
Posts

House in foreclosure, seller has been declared incompetent...

Larry Flanagan
  • Investor
  • Midwest, USA
Posted

I'm dealing with the owner of a house facing foreclosure.  He wants/needs to sell but his wife is in the psych ward at the County hospital.  They will lose the house in 2 weeks unless $20,000 is paid to bring it current.  She cannot enter into any legal agreements and she does not have a guardian appointed to handle her affairs.  They stand to lose a ton of equity.  Any ideas?

Most Popular Reply

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42,810
Posts
63,108
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,108
Votes |
42,810
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

YUP some things cant be rescued  get your check ready and show up at the sherrifs auction and buy it. sometimes that is the only thing you can do in these situations.

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JLH Capital Partners

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